Euro rose during US session against USD following developments and economic data that followed Monday on the economies of the euro area and the absence of the US market due to the Workers’ Day holiday. On the eve of the talk of the German central bank governor and member of the European Central Bank Jean Wiedmann in Freiburg .

At 3:29 pm GMT, the EURUSD rose 0.19% to 1.1624 compared to the opening at 1.1602 after recording a high of 1.1628 while the lowest at 1.1588.

Euro zone’s fourth largest economy followed Spain’s PMI survey, which expanded to 523.0 versus 52.9 last July, in contrast to expectations of a contraction of 52.5, before we see the same indicator for Italy The third-largest economy in the region, which showed a narrowing of the widening to 50.1 versus 51.5 in July, worse than expected at 51.2.

To the final reading of the Purchasing Managers’ Index for France and Germany, the region’s largest economy, which showed a narrowing to 55.9 in Germany compared to the previous reading and expectations at 56.1 versus 56.9 in July. France’s expansion narrowed to 53.5 from the previous preliminary reading and expectations at 53.7 versus 53.3, before we see the initial reading showed the index for the euro zone as a whole shrinking to 52.8 from 53.8 in July, contrary to expectations of a widening of 53.9.

In addition, the markets are now looking closely at what the German central bank governor and ECB member Jean Wiedmann will say, “High growth, low inflation – the digital shift from the central bank” in Freiburg as part of the annual German Economic Association At 5:15 pm GMT.